Stuart Dickinson – Investor Alert
Galvin Legal is launching an investigation on behalf of investors who may have suffered losses investing with Stuart Dickinson. If you suffered losses investing with Stuart Dickinson, then Galvin Legal may be able to help you recover your losses in a Financial Industry Regulatory Authority (“FINRA“) arbitration claim.
Stuart Dickinson (CRD# 1047824)
Disclosure Events
09/22/2015 Regulatory – Pending
Initiated By FINRA
Allegations:
Dickinson was named a respondent in a FINRA complaint alleging that he failed to conduct adequate and reasonable due diligence on a private placement securities offering and, therefore, did not have a reasonable basis to recommend it to any customers who purchased it upon his recommendation. The complaint alleges that Dickinson sold to customers limited partnership interests in the private placement securities offering that offered investors the opportunity to acquire an income stream derived from the acquisition and operation of automated teller machines (ATMs). Had Dickinson conducted adequate and reasonable due diligence on the private placement securities offering, he would have detected multiple red flags indicating that the underlying purchase and operation of the ATMs was fraudulent. Dickinson’s customers suffered a total loss of over a million dollars because the underlying business scheme of the offering was a fraud and most of the ATMs were fictional.
09/25/2013 Employment Separation After Allegations
Firm Name WFG INVESTMENTS
Termination Type: Discharged
Allegations:
RECEIPT OF INQUIRY RELATING TO PRIVATE SECURITIES TRANSACTION.
10/15/2012 Customer Dispute – Settled
04/15/2012 Customer Dispute – Settled
09/14/1982 Regulatory – Final
Initiated By TEXAS
Resolution: Decision
Sanctions: Revocation/Expulsion/Denial
Previous Registrations
10/2005 – 09/2013 WFG INVESTMENTS, INC. (CRD# 22704) – HIGHLAND PARK, TX
06/2005 – 11/2005 LINSCO/PRIVATE LEDGER CORP. (CRD# 6413) – BOSTON, MA
04/1992 – 05/2005 BEAR, STEARNS & CO. INC. (CRD# 79) – NEW YORK, NY
01/1987 – 04/1992 MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED (CRD# 7691) – NEW YORK, NY
05/1982 – 10/1982 GEO SECURITIES CORP. (CRD# 10366)
FINRA requires brokerage firms to conduct due diligence on investments and to conduct a suitability analysis when recommending securities to a customer that takes into account the customer’s knowledge and experience. Brokerage firms that fail to conduct adequate due diligence or that make unsuitable recommendations can be held responsible for the customer’s losses in a FINRA arbitration claim.
If you suffered losses investing with Stuart Dickinson and would like a free consultation with a securities attorney, then please call Galvin Legal at 1-800-405-5117.
Galvin Legal is a national securities arbitration, mediation, fraud, and investor protection law practice. For more information on Galvin Legal, please visit www.galvinlegal.com or call 1-800-405-5117.
